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>Dubai Leads The Way In Futuristic Homes

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Luxury Real Estate of The Future

Our sister blog, Immo-Luxus, Germany picked up on an interesting proposed building in Paris, which prompted me to take a look at some planned luxury real estate around the world. Some of these, thank goodness, will never end up being built, but some of them are already under construction.

Le Projet Triangle by Hertzog & de Meuron

Le Projet Triangle, Paris

Le Projet Triangle, Paris

Oh deary me, I am not liking this one little bit. After the amount of negative reaction to the pyramid outside the Louvre, I am rather surprised H&M are proposing another glass triangle in the center of Paris. According to their proposal:

“Le Projet Triangle” is primarily perceived on the metropolitan scale of the city of Paris. Its elevated stature will lend major visibility to the Porte de Versailles and the Parc des Expositions site within the overall conurbation. It will also permit its integration in the system of axes and perspectives that constitute the urban fabric of Paris.

Major visibility about sums it up. They are also suggesting that the triangular shape will prevent it from casting shadows over the surrounding areas. Quite how they are proposing to bend the laws of physics to make this happen is beyond me. My favorite comment on this so far is, “As a Parisian I’m sick and tired of living in a city that looks like Disneyland.”

Unobtrusive - Not

Unobtrusive – Not

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Crystal Island, by Foster & Partners, Moscow

Crystal Island Moscow

Crystal Island Moscow

Glass Pyramids seem to be the way many forward looking designers see the luxury real estate of the future. This design by Foster and Partners was presented to the people of Moscow and the Architectural council back in 2007. Preliminary planning approval has already been given, although I do wonder if there will be any cash left in the kitty after the Russian government has finished bailing out the state-owned banks. And one of the main reasons I can see for permission being given, is that it is bigger than anything else. Although, at a paltry 450 meters in height, Dubai will have them beat for a long time. Many more after the jump.

Can we out-Dubai, Dubai?

Gentlemen – can we out-Dubai, Dubai?

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According to the architect, Norman Foster,

Crystal Island is one of the world’s most ambitious building projects and it represents a milestone in the 40 year history of the practice. It is the largest single building in the world, creating a year-round destination for Moscow and a sustainable, dynamic new urban quarter. It is a paradigm of compact, mixed-use, sustainable city planning, with an innovative energy strategy and ‘smart’ skin which buffers against climate extremes.

I have yet to ascertain the meaning of the word “sustainable,” and am immediately suspicious of any developer using the word. My best guess as to the meaning is – “It won’t fall over.” :-D

Many of these latest visions of the future are also mixed-use, which I rather think they have no choice but to do. Let’s face it – if you are on the 600th floor of the Burj Dubai, it is a long way down to the street for a tube of toothpaste. This one in Moscow has plans for 3,000 hotel rooms and 900 serviced apartments along with retail and entertainment spaces.

Russia Tower

Foster & Partners, “Russia Tower” is already under construction in Moscow, and according to the architects, “will be the tallest naturally ventilated tower in the world and one of the greenest new buildings in Europe.”

At 600 meters, it will be, for a short while at least, the second tallest building in the world, and the tallest in Europe. Although, I am beginning to wonder if Mr. Foster has some sort of monopoly arranged in Eastern Europe. 8-)

Russia Tower

Russia Tower

The Burj Dubai, by Skidmore, Owings & Merril, Dubai

Computer rendition of Burj Dubai

Computer rendition of Burj Dubai

One cannot really look at the future of luxury real estate without including the mega-projects in Dubai. Whilst I am not certain my definition of luxury real estate includes living in a glass box 800 meters off the ground with 50,000 other people, there is no denying this is an impressive engineering feat. Unlike the triangle and crystal island, this one is actually under construction and has already overtaken the record for the tallest building in the world. Other records surpassed along the way are the building with the most floors and the vertical concrete pumping record at 452 meters, and at over 688 meters, is also the tallest man-made structure ever built. Except perhaps for the tower of Babel – depending who you ask. Unlike many computer renditions, the Burj Dubai actually looks like it was intended to, and already dominates the Dubai skyline.

Burj Dubai at dawn

Burj Dubai at dawn

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Although the Burj Dubai is getting all the press attention, there are a number of other mega-tower projects such as the Dubai towers at The lagoons, a four tower project designed to emulate candlelight – construction has already begun.

Dubai Towers, The Lagoons

Dubai Towers, The Lagoons

Plus a number of “unusual” designs – This is the ep-07 tower by Adrian Smith and Gordon Gill. Whether it gets off the ground or not is as yet undecided.

ep-07 Tower

ep-07 Tower

Speaking of getting off the ground, it seems that building the tallest building in the world is not enough for the Dubai government. Plans are now afoot for a kilometer-high tower.Or at least it will be “more than a kilometer” tall – the proposed height is still a secret.

More than a kilometer tall tower

More than a kilometer tall tower in Dubai

Not to be outdone, King Abdullah of Saudi Arabia also announced a “more than kilometer high” tower to be built in Jeddah, Saudi Arabia just one week later, although his little model seems a little on the short side. The plans for a mile-high tower in Jeddah were announced back in March, so this one seems a bit redundant.

Mile High Tower in Jeddah

Mile High Tower in Jeddah

Kilometer Tall Tower in Jeddah

Kilometer Tall Tower in Jeddah

Of course, these pathetic attempts at building a tall building pale in comparison to the Dubai City Tower. 2.4 kilometers tall!

Dubai City Tower

Dubai City Tower

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Apparently, three designs have been drawn up for the Jumeirah City project, one of which is the Dubai City Tower. Six separate buildings twisting themselves into a one and a half mile high skyscraper. Now, I am no engineer but I would have thought there are some practical difficulties to overcome, and according to Alastair Collins, of the International Council on Tall Buildings, building to that height is the “easy” part – “The hardest part is the servicing of the height: the transportation, power, water and waste disposal.”

Transportation issues will apparently be solved by a vertical bullet train. I have trouble making myself enter a standard elevator sometimes. Imagine a one-and-a-half mile tall, 125 mph elevator. I can feel the panic attack starting already…………..

One of the discussion themes for this year’s World Architecture Festival in Barcelona is “possibility and responsibility,” with regard to tall buildings. Certainly some of these stretch the boundaries of both. Rather surprisingly, only one of these mega-talls is on the list for discussion. I am certainly looking forward to reading their conclusions. The festival takes place 22-24 October.

“Down to Earth,” Luxury Real Estate

Not all luxury real estate developers and architects see mile high glass edifices as their vision of the future and my feelings are that we will start to see a shift in styles away from enormous, wasteful spaces towards more environmentally-friendly building styles that attempt to blend the natural with the artificial. Whether the current financial situation is resolved or not,I am reasonably sure the McMansion has had its heyday.

Symbiotic Villa by Zaha Hadid

These images are taken of a house designed by Zaha Hadid for the up-coming Next-Gene 20 project in Taiwan.

Symbiotic Villa

Symbiotic Villa

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This is a small development in Switzerland, created by Peter Vetsch. And you don’t get more down to earth than these – nine houses on a 4,000 square meter plot all partially underground. Mr. Vetsch certainly has some interesting ideas and uses innovative building materials.

Earth House Estate Lättenstrasse

Earth House Estate Lättenstrasse

Mr. Vetsch has been building homes with these designs for some time now, an this is a selection of some of his other works. He has a large selection of “Earth Houses” on his website. Perhaps not to everyone’s taste, but interesting nonetheless.

Another continuing trend is the conversion of non-residential buildings into living spaces. Much of London’s and other city’s docklands were once warehouses and have now been converted to trendy apartments. If the credit squeeze continues we will se more of this type of building converted. An interesting renovation recently was the “Church of living,” by ZECC architects in Holland. A Dutch chapel was converted to a house, and the architects chose to retain may of the original features, including, bizarrely, the organ. A little too stark for my tastes, but the conversion is a finalist for a Dutch Design Award.

Church of the Living

Church of the Living

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It is certainly refreshing to know that not all future luxury real estate will be in an enormous glass tower :)

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>Luxury Wreaks From Seashore Dubai Hotels On

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Burj Al Arab Photos / Pictures






Looking for a unique travel experience? Consider following the sun to Dubai where expensive, expansive architecture is everywhere. You will see man-made wonders to be seen nowhere else, stay in hotels that this time of year and because of the world recession are not sold out and are relatively less expensive than before.
Burj Dubai

Burj Dubai (Arabic: برج دبي‎ “Dubai Tower” above) is a supertall skyscraper under construction in Dubai, United Arab Emirates, and is the tallest man-made structure ever built, despite being incomplete. Construction began on 21 September 2004, and the tower is expected to be completed and ready for occupancy by September 2009.[1][2]

The building is part of the 2 km2 (0.8 sq mi) development called “Downtown Burj Dubai” at the “First Interchange” along Sheikh Zayed Road at Financial Centre Road (previously known as Doha Street).

The tower’s architect is Adrian Smith, who worked with Skidmore, Owings and Merrill (SOM) until 2006. The architecture and engineering firm SOM is in charge of the project. The primary builders are Samsung Engineering & Construction and Besix along with Arabtec. Turner Construction Company was chosen as the construction manager.[9]

The total budget for the Burj Dubai project is about US$4.1 billion, and for the entire new “Downtown Dubai”, US$20 billion. Mohamed Ali Alabbar, the CEO of Emaar Properties, speaking at the Council on Tall Buildings and Urban Habitat 8th World Congress, said that the price of office space at Burj Dubai had reached $4,000 per sq ft (over $43,000 per m2) and that the Armani Residences, also in Burj Dubai, were selling for US$3,500 per sq ft (over $37,500 per m2).

>Dubai Has No Housing Crisis

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DUBAI — Housing crisis? Mortgage meltdown? Credit crunch?

After spending a few hours at Cityscape, this Mideast boom-town’s annual real-estate trade show, you just might forget about the financial crisis gripping much of the rest of the world.

[In Dubai, Show Goes on for Property] AFP/Getty Images

‘People will still take family holidays,’ Nick Leibman said. ‘Dubai is still good value when you’re paying in pounds, (or) you’re paying in euros.’

The four-day event attracts the region’s biggest property developers, contractors, interior designers and investors. Never mind that many of the projects introduced here with great fanfare may never get built.

Dubai property prices have rocketed in the few years since the United Arab Emirates opened its market to foreigners. However, sky-high oil prices that have long fed the region’s economic boom are falling back. Borrowing costs have soared amid a regional credit crunch. The government has been investigating a handful of the city-state’s top real-estate and lending firms. And international and domestic investors are taking money out of the region’s once-frothy stock markets.

Still, exhibitors inside the show’s sprawling exhibition halls presented an optimistic picture.

On Sunday evening before the show, Nakheel, a Dubai- government-backed property developer, invited guests including the acting couple Catherine Zeta-Jones and Michael Douglas to the pink Atlantis hotel at the tip of its man-made, palm-shaped archipelago. Read More

>Dubai Goes To Hollywood For Prospects

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Here’s the latest Wall Street Journal Real Estate Stories. Click for the complete stories:

June 9, 2008 — 9:14 a.m. EDT
LandSource Files for Bankruptcy
A land venture involving Calpers filed for bankruptcy in one of the biggest land deals to sour in the housing bust.
http://online.wsj.com/article/SB121298363815456607.html?mod=djemRealEstate

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A Lure to Dubai: Celebrity Endorsers
Property developers in the United Arab Emirates are increasingly turning to American and European celebrities to help sell grandiose properties to wealthy consumers.

http://online.wsj.com/article/SB121297409965756057.html?mod=djemRealEstate

* * *

Skiers Boost Tourism in Japan
Japan’s regions are mostly failing economically and losing population. But in Hirafu, in Japan’s large northern island of Hokkaido, land prices are soaring and the local economy is perking up as foreigner-driven property development rides a boom of ski and snowboard tourists.
http://online.wsj.com/article/SB121280151346054055.html?mod=djemRealEstate

* * *

Keeping the Wrecking Ball at Bay
[Go to rticle]
http://online.wsj.com/article/SB121270208588249965.html?mod=djemRealEstate
One Raleigh neighborhood is an extreme example of an effort to save old houses rather than tear them down. A nonprofit group is moving houses dating from the 1940s to 1960s, placing them on new foundations and fitting them with identical front porches.
• Video: Recycling Homes

* * *

Sheriff Takes Law Into His Own Hands
These days, Philadelphia Sheriff John Green is best known around town for the law he won’t enforce. This spring, he refused to hold a court-ordered foreclosure auction, raising eyebrows among lenders and their attorneys, who accuse him of shirking his duty to enforce legal contracts.
http://online.wsj.com/article/SB121271135166050537.html?mod=djemRealEstate

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Housing Pain Hits Prime Borrowers
Mortgage delinquencies and foreclosures continued to surpass record levels in the first quarter, as the prolonged decline in home prices and shifting economic conditions trapped a growing number of prime borrowers.
http://online.wsj.com/article/SB121267502895448531.html?mod=djemRealEstate

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A DHL Founder Asks $32 Million for Ranches
[go to article]
A founder of DHL is asking for $17 million for his horse ranch and $15 million for a fishing property. A property that’s been linked to “Uncle Tom’s Cabin” is on the market for $6 million, plus more. Photos
http://online.wsj.com/article/SB121268896470149171.html?mod=djemRealEstate

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Housing Supply Declined in May
The supply of homes available for sale in major metropolitan areas declined slightly in May, but an ample supply remains, new data show.
• See sortable city-by-city inventory data
• Housing Blog: Study Sees More Hurt Ahead for Builders
• Home Foreclosures, Delinquencies Hit Record
http://online.wsj.com/article/SB121263999540847883.html?mod=djemRealEstate

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Local Banks Regain Mortgage Business
Some community banks are regaining market share as aggressive brokers and national lenders scale back or go out of business.
• Interactive: Housing Inventory Declines Slightly

http://online.wsj.com/article/SB121263038561546739.html?mod=djemRealEstate

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The Vegetable Patch Takes Root
[Go to article]
Homeowners are growing their own food as consumers balk at the rising cost of groceries. They’re building raised vegetable beds, turning their spare time over to gardening, and doing battle with insect pests.

http://online.wsj.com/article/SB121262319456246841.html?mod=djemRealEstate

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Home Depot Chief Renovates
When Frank Blake became Home Depot’s CEO, he found himself saddled with a renovation project. Despite dwindling home sales and limits on spending, he has been making changes in both style and substance.
http://online.wsj.com/article/SB121261744065946601.html?mod=djemRealEstate

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Housing Slump Hits Latino Workers
Hispanics who provided the bulk of the construction work force during the housing boom are suffering as many of those jobs evaporate, according to a new study. However, there are no signs Hispanics are quitting the U.S. labor market.

http://online.wsj.com/article/SB121258976348245061.html?mod=djemRealEst
ate

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Ed McMahon May Lose Beverly Hills Home
[go to article]
Ed McMahon faces the possible loss of his Beverly Hills home to a foreclosure action initiated by a unit of Countrywide Financial.

http://online.wsj.com/article/SB121254369208443705.html?mod=djemRealEstate